Saudi Arabia’s Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, on Thursday said that oil giant Saudi Aramco will hold further share sales.
He was speaking at the kingdom’s Future Investment Initiative conference.
Aramco, the world’s biggest oil company, completed the world’s largest initial public offering in late 2019, raising $25.6 billion and later selling more shares to up the total to $29.4 billion.
On Tuesday, the head of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said Aramco may consider selling more shares if market conditions are right.
